RBC Capital started coverage on shares of Speedy Hire Plc (LON: SDY) in a research report sent to investors on Tuesday morning, ARN reports. The firm issued an outperform rating and a GBX 70 ($1.06) price target on the stock.
Shares of Speedy Hire Plc (LON: SDY) traded up 2.90% during mid-day trading on Tuesday, hitting GBX 62.00. Speedy Hire Plc has a 52 week low of GBX 22.10 and a 52 week high of GBX 62.675. The stock’s 50-day moving average is currently GBX 27.48. The company’s market cap is £314.8 million.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a buy rating on shares of Speedy Hire Plc in a research note to investors on Thursday, May 16th. They now have a GBX 65 ($0.99) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a buy rating on shares of Speedy Hire Plc in a research note to investors on Thursday, May 16th. They now have a GBX 55 ($0.84) price target on the stock. Finally, analysts at Panmure Gordon reiterated a buy rating on shares of Speedy Hire Plc in a research note to investors on Friday, May 10th. They now have a GBX 60 ($0.91) price target on the stock.
One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Speedy Hire Plc has an average rating of Buy and a consensus price target of GBX 59.90 ($0.91).
Speedy Hire Plc is a holding company. The Company is engaged in the provision of equipment for hire and sale, and associated services to the construction, infrastructure, industrial and related industries.